Crude Oil Pipelines Minimum Throughput Commitment definition

Crude Oil Pipelines Minimum Throughput Commitment means an aggregate amount of throughput equal to 77,000 bpd multiplied by the number of calendar days in the Contract Quarter; provided, that, for any month that the AMDEL pipeline does not permit shipments originating at and shipping from the Refinery, the Crude Oil Pipelines Minimum Throughput Commitment shall be reduced to 60,500 bpd for such month. Notwithstanding the foregoing, if Customer does not exercise its option rights to extend the term of the agreement between Customer and an affiliate of Sunoco Logistics with respect to shipments on such pipeline, the Crude Oil Pipelines Minimum Throughput Commitment shall remain at 77,000 bpd multiplied by the number of calendar days in the Contract Quarter following the expiration of such agreement for the period of time as if Customer had exercised its option rights to extend. Upon expiration of
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Crude Oil Pipelines Minimum Throughput Commitment means an aggregate amount of throughput equal to 77,000 bpd multiplied by the number of calendar days in the Contract Quarter; provided, that, for any month that the AMDEL pipeline does not permit shipments originating at and shipping from the Refinery, the Crude Oil Pipelines Minimum Throughput Commitment shall be reduced to 60,500 bpd for such month. Notwithstanding the foregoing, if Customer does not exercise its option rights to extend the term of the agreement between Customer and an affiliate of Sunoco Logistics with respect to shipments on such pipeline, the Crude Oil Pipelines Minimum Throughput Commitment shall remain at 77,000 bpd multiplied by the number of calendar days in the Contract Quarter following the expiration of such agreement for the period of time as if Customer had exercised its option rights to extend. Upon expiration of the last option period under such agreement, the Crude Oil Pipelines Minimum Throughput Commitment shall be reduced to 60,500 bpd.
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Examples of Crude Oil Pipelines Minimum Throughput Commitment in a sentence

  • During each Contract Quarter, Customer will ship (a) on the Crude Oil Pipelines, the Crude Oil Pipelines Minimum Throughput Commitment, and (b) on the Product Pipelines, the Product Pipelines Minimum Throughput Commitment.

Related to Crude Oil Pipelines Minimum Throughput Commitment

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Throughput means the measure of production, or factor related to production, used to determine the relationship between the amount of energy used by the target unit and the levels of activity of the target unit, as set out in Schedule 6 to an underlying agreement; “the Tribunal” means the First-tier Tribunal established under the Xxxxxxxx Xxxxxx xxx Xxxxxxxxxxx Xxx 00000;

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Pipeline System means each system of Pipeline Assets, Real Property and Easements relating thereto making up an integrated gathering system and gathering system, or other pipeline system.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • MDQ means the total maximum MMBtu which Company shall be obligated to receive or deliver on a firm basis on any given day on behalf of customer.

  • LNG means liquefied natural gas.

  • Receipt Point means the receipt/inception point(s) where Crude Oil is received into the Gathering System, as such points are specified in Section II of this tariff.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Gathering System means that portion of Gatherer’s pipeline system, including all appurtenances thereto, related to the provision of gathering and transportation services provided by Gatherer pursuant to this tariff.

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • CO2 means carbon dioxide.

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Basic gas supply service means gas supply service that is

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Receipt Point(s means the receipt points set forth in Section 6 of this Toll Schedule.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;